Friday, June 21, 2024
Energy Transition Outlook Report 2023
HomeRenewablesBSIUK businesses seek government support for net zero

UK businesses seek government support for net zero

A recent study conducted by BSI suggests that the majority of UK businesses are advocating for greater governmental assistance to achieve net zero emissions by 2050.

The research, based on a survey of over 1,000 senior decision-makers across various sectors, highlights concerns over cost and political uncertainty as significant barriers to progress.

Nearly 96% of respondents urge the next government to focus on providing greater government support.

While the majority of businesses (83%) express commitment to achieving the UK’s legally binding net zero emissions target, the report underscores persistent barriers hindering progress.

Nearly half of the surveyed businesses cite cost as a primary barrier to decarbonisation, with the cost of living / energy crisis further complicating efforts for over half of them.

Moreover, the report highlights disparities in preparedness and understanding across different sectors and business sizes.

Larger firms tend to be more advanced in their net zero practices, with a higher proportion setting targets and measuring emissions.

However, challenges such as a lack of clarity on what net zero entails and difficulties in finding suppliers with net zero credentials are prevalent across the board.

Scott Steedman, Director-General, Standards at BSI said: “Non-financial reporting will soon force businesses that don’t show leadership in their supply chains to become followers.

“From government, now is the moment for a clear policy environment that encourages organizations to invest and innovate towards net zero.

“We have made great progress in the last 12 months in aligning international standards with the net zero transition and disclosure requirements and we now have the opportunity to press ahead to scale up the implementation of best practices for decarbonization across all sectors.”

Energy Live News
Energy Live News
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
- Advertisment -
Energy Jobline LinkedIn

Most Popular

Recent Comments